The Daily Docket: Judge to Rule on Airline Merger Deal

A judge on Monday said he’d decide within the next few days on whether to approve the antitrust settlement between the Justice Department and merging airlines AMR Corp. and US Airways Group Inc. Read the Daily Bankruptcy Review story here.

Fisker Automotive Inc.’s plan to sell its assets to Hybrid Tech Group LLC, a company owned by one of the hybrid car maker’s original investors, leaves little recovery for most creditors and seeks to skirt the normal bankruptcy-auction process, The Wall Street Journal reports.

The judge overseeing Detroit’s municipal bankruptcy case will announce on Dec. 3 whether the city is eligible for bankruptcy protection, WSJ reports.

A Brazilian court granted bankruptcy protection to Eike Batista’s OSX Brasil SA and two of its subsidiaries, WSJ reports.

Allens Inc. sold most of its frozen-foods division in 2012 and is seeking a buyer for the rest of the company is up for sale, Arkansas Business reports.

The trustee in the bankruptcy case of defunct Pennsylvania beverage maker LeNature’s has reached a $1 million settlement in the case, but it cost $900,000 in legal fees, the Tribune-Review reports.

About Bankruptcy Beat

From Dow Jones Daily Bankruptcy Review, exclusive coverage of corporate bankruptcies, companies headed for trouble and the latest trends in bankruptcy law, distressed investing and corporate restructuring. Lead writer Pat Fitzgerald and Daily Bankruptcy Review reporters in Washington, New York and Wilmington, Del., provide insight into the big cases, who’s next to fall and what’s making news across the bankruptcy market.